The Insurance Trust is a legal arrangement that involves the ownership of a Client’s (also known as Settlor) life insurance policy within a trust. The primary purpose is to manage and distribute life insurance proceeds to beneficiaries in alignment with your wishes.
Insurance Trust
Provide enhanced protection for your loved ones by ensuring the distribution of your insurance proceeds aligns with your preferences
How does an Insurance Trust work?
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| Step 1: Trust Creation with Maybank Trustees Berhad (MTB) | Step 2: Settlor transfers insurance policies to MTB | Step 3: Distribution of policy proceeds to Settlor’s beneficiaries as per Trust Deed |
Why is it important to have an Insurance Trust?
- Ensure proper education, medical care, and living expenses for yourself or for your identified beneficiaries in the face of unforeseen events.
- Facilitate charitable giving by specifying how the insurance proceeds are to be distributed to your chosen charitable organisations upon your passing.
Have an inquiry?
📞 03-2177 5960
✉ mtb.bd@maybank.com
at the nearest branch